OLYMPIA, Wash.–The Washington Department of Commerce awarded the GoWest Foundation a $9 million grant to fund a credit-building program aimed at expanding to capital for small business owners and entrepreneurs who represent historically marginalized communities.
BRUSSELS—Representatives of the World Council of Credit Unions and the European Network of Credit Unions (ENCU) met with key representatives of the European Union (EU) and select members of the EU Parliament (MEPs) to discuss the EU Payment Package and other regulatory items pending this legislative term.
WASHINGTON–Credit unions will want to continue to warn their members about bogus fraud warnings that purport to be from their CU, according to a new FTC report.
WASHINGTON—The Consumer Financial Protection Bureau has taken action against medical debt collector Phoenix Financial Services for numerous debt collection and credit reporting violations.
NEW YORK—Concerns are once more being raised over indications the popular buy now, pay later solutions are getting some borrowers in financial trouble, leading to mounting delinquencies among the providers of the no- or low-fee loans.
SAN FRANCISCO—Visa is reporting that on a year-over-year basis, its payments volume in May was up 5%.
NEW YORK—Could cash be making a comeback? New data suggest it could be, thanks in large part to Gen Z.
WASHINGTON—The lines are being drawn anew in Washington for the second go-round on the Credit Card Competition Act, with strong positions being taken on both sides of the legislation and supporters of the legislation saying they have twice as many supporters—including bill co-sponsors--in 2023 than they had in 2022.
WASHINGTON—With affordability complaints coloring consumer perceptions, more people are saying it’s not a good time to purchase a home, according to data from Fannie Mae’s latest Home Purchase Sentiment Index (HPSI), which decreased in May by 1.2 points to 65.6.
WASHINGTON—During a first-of-its-kind virtual public hearing hosted by NCUA, NAFCU testified in favor of a request by Dade County Federal Credit Union’s to expand its field of membership (FOM).
